To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for that portion of a governmental pension received by an individual which does not exceed the maximum benefits payable under title II of the Social Security Act which could have been excluded from income for the taxable year.
Public Pension Parity Act of 1994 - Amends the Internal Revenue Code to provide an exclusion from gross income for that portion of a governmental pension which does not exceed the maximum benefits payable under title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act which could have been excluded from income for the taxable year.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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